Homecare Medical Beds Market Trends and Forecast (2021-2031)
The Homecare Medical Beds Market is expected to register a CAGR of 5.5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented By Type (Electric Medical Beds, Manual Medical Beds); Application (Nursing Home, Homecare, Other) . The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Homecare Medical Beds Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Homecare Medical Beds Market Segmentation
Type- Electric Medical Beds
- Manual Medical Beds
- Nursing Home
- Homecare
- Other
Strategic Insights
Homecare Medical Beds Market Growth Drivers- Aging Population: In recent years, there has been a significant increase in the elderly population, across the globe acting as a major growth engine for the homecare medical beds market. Older people in most cases need certain beds for their comfort, security, and to assist in moving from one position to another. With an increasing demand for home care services, homecare medical beds are becoming increasingly important in offering effective high standard care within the patient’s home.
- Rising Prevalence of Chronic Diseases: The rising number of patients suffering from maximum chronic diseases such as diabetes, cardiovascular disease, respiratory disease is driving growth in the homecare medical beds market. Such conditions also require beds that have various adjustable positions as well as comfort reasons, to help the patients and caregivers in managing the health conditions in the comfort of their homes, enhancing patient care as well as the patient’s existence.
- Preference for Home-based Healthcare: With emphasis on preventative medicine, steps to avoid excessive patient hospitalizations through home care are being taken with homecare being preferred. With the use of medically designed beds for home care units, patients are assured of convenience, safety, and comfort, which enhances recovery with minimal strain from the patients. The patients’ ill health and the need for cost containment within health services are some of the reasons that are contributing to the market directed towards home health care.
- Integration of Smart Technologies: Smart technology integration is another trend exercised in the homecare medical beds market. In such beds, which have sensors, monitoring systems and Internet of Things (IoT) connectivity, caregivers can monitor the body metrics, movements, and stillness conditions of the patient from a distance. This helps in providing quality care to the patients, facilitating their nursing in all aspects and early identification of health-related problems, and it also eases the work of caregivers, hence increasing market growth.
- Focus on Patient Comfort and Safety: Because most patients are receiving treatment at home, there is an increased need for homecare medical beds that are designed for comfort and safety. Height adjustable beds, therapeutic support surfaces, and pressure relief mattresses are becoming the norm. This analysis is indicative of a general trend towards ensuring treatment efficacy while reducing risks associated with skin breakages and falls for patients in bed, thus introducing more advanced features in home care beds.
- Customization and Modular Design: The home care medical beds market is also seeing a growing demand for homecare medical beds that are modular in design and even customizable. These types of beds have features that enable the patients to turn in various ways, put less stress over specific body areas, or generally to be in a more stable body position. Modular components permit the caregiver to customize the bed to suit the patient’s specific condition, thus facilitating this trend in enhancing the home healthcare services provided.
- Expansion in Emerging Markets: The developing healthcare system in the developing economies offers a strong potential for the growth of the homecare medical beds market. As people earn more disposable incomes and the number of families adopting home healthcare increases, it is often easy for the manufacturers to lower the prices of the medical beds of their production. Customization in such regions can work well in penetrating and growing the market especially in Asia Pacific and Latin America regions.
- Aging-in-Place Trend: The aging-in-place trend, where old people would rather stay at home than go to old-aged homes, assisted living, creates a robust opportunity for the growth of the homecare medical beds market. As more and more older adults are shifting towards homecare, the demand for specialty beds that keep them safe and comfortable whilst enabling them to live independently is on the rise, which is why this segment is expected to gain the most traction.
- Technological Advancements and Innovation: Developing advanced multifunctional homecare medical beds is an area that brings new opportunities in terms of innovation. Adding built-in health monitoring, pressure relief systems and automatically operated adjustments will definitely increase the appeal of such beds to the end-users, as well as the care givers. There will be a deeper penetration of the market as it will be anticipated that the levels of technology will escalate into the incorporation of high-tech solutions to patient care provision.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Homecare Medical Beds Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Homecare Medical Beds Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Homecare Medical Beds Market is estimated to witness a CAGR of 5.5% from 2023 to 2031
The major factors driving the homecare medical beds market are:
1.Aging Population
2. Rising Prevalence of Chronic Diseases
3. Preference for Home-based Healthcare
North America region dominated the homecare medical beds market in 2023
Asia Pacific region dominated the homecare medical beds market in 2023
The Manual Medical Beds segment accounts for highest revenue in type segment in 2023
Hill-Rom, Stryker, Paramount Bed, Linet Group, Arjo, Huntleigh, Invacare Corporation, Stiegelmeyer, Malvestio, Haelvoet, Joerns Healthcare are some of the major market players operating in the market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Homecare Medical Beds Market - By Type
1.3.2 Homecare Medical Beds Market - By Application
1.3.3 Homecare Medical Beds Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HOMECARE MEDICAL BEDS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HOMECARE MEDICAL BEDS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HOMECARE MEDICAL BEDS MARKET - GLOBAL MARKET ANALYSIS
6.1. HOMECARE MEDICAL BEDS - GLOBAL MARKET OVERVIEW
6.2. HOMECARE MEDICAL BEDS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HOMECARE MEDICAL BEDS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ELECTRIC MEDICAL BEDS
7.3.1. Overview
7.3.2. Electric Medical Beds Market Forecast and Analysis
7.4. MANUAL MEDICAL BEDS
7.4.1. Overview
7.4.2. Manual Medical Beds Market Forecast and Analysis
8. HOMECARE MEDICAL BEDS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. NURSING HOME
8.3.1. Overview
8.3.2. Nursing Home Market Forecast and Analysis
8.4. HOMECARE
8.4.1. Overview
8.4.2. Homecare Market Forecast and Analysis
8.5. OTHER
8.5.1. Overview
8.5.2. Other Market Forecast and Analysis
9. HOMECARE MEDICAL BEDS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Homecare Medical Beds Market Overview
9.1.2 North America Homecare Medical Beds Market Forecasts and Analysis
9.1.3 North America Homecare Medical Beds Market Forecasts and Analysis - By Type
9.1.4 North America Homecare Medical Beds Market Forecasts and Analysis - By Application
9.1.5 North America Homecare Medical Beds Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Homecare Medical Beds Market
9.1.5.1.1 Canada Homecare Medical Beds Market by Type
9.1.5.1.2 Canada Homecare Medical Beds Market by Application
9.1.5.2 Mexico Homecare Medical Beds Market
9.1.5.2.1 Mexico Homecare Medical Beds Market by Type
9.1.5.2.2 Mexico Homecare Medical Beds Market by Application
9.1.5.3 US Homecare Medical Beds Market
9.1.5.3.1 US Homecare Medical Beds Market by Type
9.1.5.3.2 US Homecare Medical Beds Market by Application
9.2. EUROPE
9.2.1 Europe Homecare Medical Beds Market Overview
9.2.2 Europe Homecare Medical Beds Market Forecasts and Analysis
9.2.3 Europe Homecare Medical Beds Market Forecasts and Analysis - By Type
9.2.4 Europe Homecare Medical Beds Market Forecasts and Analysis - By Application
9.2.5 Europe Homecare Medical Beds Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Homecare Medical Beds Market
9.2.5.1.1 Germany Homecare Medical Beds Market by Type
9.2.5.1.2 Germany Homecare Medical Beds Market by Application
9.2.5.2 France Homecare Medical Beds Market
9.2.5.2.1 France Homecare Medical Beds Market by Type
9.2.5.2.2 France Homecare Medical Beds Market by Application
9.2.5.3 Italy Homecare Medical Beds Market
9.2.5.3.1 Italy Homecare Medical Beds Market by Type
9.2.5.3.2 Italy Homecare Medical Beds Market by Application
9.2.5.4 Spain Homecare Medical Beds Market
9.2.5.4.1 Spain Homecare Medical Beds Market by Type
9.2.5.4.2 Spain Homecare Medical Beds Market by Application
9.2.5.5 United Kingdom Homecare Medical Beds Market
9.2.5.5.1 United Kingdom Homecare Medical Beds Market by Type
9.2.5.5.2 United Kingdom Homecare Medical Beds Market by Application
9.2.5.6 Rest of Europe Homecare Medical Beds Market
9.2.5.6.1 Rest of Europe Homecare Medical Beds Market by Type
9.2.5.6.2 Rest of Europe Homecare Medical Beds Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Homecare Medical Beds Market Overview
9.3.2 Asia-Pacific Homecare Medical Beds Market Forecasts and Analysis
9.3.3 Asia-Pacific Homecare Medical Beds Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Homecare Medical Beds Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Homecare Medical Beds Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Homecare Medical Beds Market
9.3.5.1.1 Australia Homecare Medical Beds Market by Type
9.3.5.1.2 Australia Homecare Medical Beds Market by Application
9.3.5.2 China Homecare Medical Beds Market
9.3.5.2.1 China Homecare Medical Beds Market by Type
9.3.5.2.2 China Homecare Medical Beds Market by Application
9.3.5.3 India Homecare Medical Beds Market
9.3.5.3.1 India Homecare Medical Beds Market by Type
9.3.5.3.2 India Homecare Medical Beds Market by Application
9.3.5.4 Japan Homecare Medical Beds Market
9.3.5.4.1 Japan Homecare Medical Beds Market by Type
9.3.5.4.2 Japan Homecare Medical Beds Market by Application
9.3.5.5 South Korea Homecare Medical Beds Market
9.3.5.5.1 South Korea Homecare Medical Beds Market by Type
9.3.5.5.2 South Korea Homecare Medical Beds Market by Application
9.3.5.6 Rest of Asia-Pacific Homecare Medical Beds Market
9.3.5.6.1 Rest of Asia-Pacific Homecare Medical Beds Market by Type
9.3.5.6.2 Rest of Asia-Pacific Homecare Medical Beds Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Homecare Medical Beds Market Overview
9.4.2 Middle East and Africa Homecare Medical Beds Market Forecasts and Analysis
9.4.3 Middle East and Africa Homecare Medical Beds Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Homecare Medical Beds Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Homecare Medical Beds Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Homecare Medical Beds Market
9.4.5.1.1 South Africa Homecare Medical Beds Market by Type
9.4.5.1.2 South Africa Homecare Medical Beds Market by Application
9.4.5.2 Saudi Arabia Homecare Medical Beds Market
9.4.5.2.1 Saudi Arabia Homecare Medical Beds Market by Type
9.4.5.2.2 Saudi Arabia Homecare Medical Beds Market by Application
9.4.5.3 U.A.E Homecare Medical Beds Market
9.4.5.3.1 U.A.E Homecare Medical Beds Market by Type
9.4.5.3.2 U.A.E Homecare Medical Beds Market by Application
9.4.5.4 Rest of Middle East and Africa Homecare Medical Beds Market
9.4.5.4.1 Rest of Middle East and Africa Homecare Medical Beds Market by Type
9.4.5.4.2 Rest of Middle East and Africa Homecare Medical Beds Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Homecare Medical Beds Market Overview
9.5.2 South and Central America Homecare Medical Beds Market Forecasts and Analysis
9.5.3 South and Central America Homecare Medical Beds Market Forecasts and Analysis - By Type
9.5.4 South and Central America Homecare Medical Beds Market Forecasts and Analysis - By Application
9.5.5 South and Central America Homecare Medical Beds Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Homecare Medical Beds Market
9.5.5.1.1 Brazil Homecare Medical Beds Market by Type
9.5.5.1.2 Brazil Homecare Medical Beds Market by Application
9.5.5.2 Argentina Homecare Medical Beds Market
9.5.5.2.1 Argentina Homecare Medical Beds Market by Type
9.5.5.2.2 Argentina Homecare Medical Beds Market by Application
9.5.5.3 Rest of South and Central America Homecare Medical Beds Market
9.5.5.3.1 Rest of South and Central America Homecare Medical Beds Market by Type
9.5.5.3.2 Rest of South and Central America Homecare Medical Beds Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HOMECARE MEDICAL BEDS MARKET, KEY COMPANY PROFILES
11.1. HILL-ROM
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. STRYKER
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. PARAMOUNT BED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LINET GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ARJOHUNTLEIGH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INVACARE CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. STIEGELMEYER
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MALVESTIO
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HAELVOET
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. JOERNS HEALTHCARE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Hill-Rom
2. Stryker
3. Paramount Bed
4. Linet Group
5. ArjoHuntleigh
6. Invacare Corporation
7. Stiegelmeyer
8. Malvestio
9. Haelvoet
10. Joerns Healthcare
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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